SEA (NYSE:SE) Stock Price Expected to Rise, Benchmark Analyst Says

SEA (NYSE:SE) had its target price raised by equities researchers at Benchmark from $94.00 to $130.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the Internet company based in Singapore’s stock. Benchmark’s target price would suggest a potential upside of 25.82% from the company’s previous close.

Several other equities research analysts have also commented on the stock. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $66.00 to $90.00 in a research note on Wednesday, August 14th. TD Cowen lifted their target price on SEA from $64.00 to $69.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th. Bank of America raised their price target on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Citigroup reduced their price objective on SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. Finally, Wedbush restated an “outperform” rating and set a $105.00 target price (up from $84.00) on shares of SEA in a research report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $90.54.

SEA Trading Down 1.6 %

Shares of NYSE:SE opened at $103.32 on Wednesday. The company has a market cap of $59.13 billion, a PE ratio of 688.80 and a beta of 1.52. The company’s 50 day moving average is $93.42 and its two-hundred day moving average is $79.05. SEA has a 52 week low of $34.35 and a 52 week high of $117.52. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41.

SEA (NYSE:SE) last posted its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). The business had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.47%. The firm’s quarterly revenue was up 30.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.26) earnings per share. Equities analysts predict that SEA will post 0.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SEA

A number of institutional investors and hedge funds have recently modified their holdings of the company. Rosenberg Matthew Hamilton grew its stake in SEA by 213.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock valued at $28,000 after acquiring an additional 203 shares during the last quarter. SOA Wealth Advisors LLC. purchased a new stake in shares of SEA in the second quarter valued at about $32,000. Truvestments Capital LLC acquired a new stake in shares of SEA in the third quarter valued at approximately $41,000. Hexagon Capital Partners LLC increased its stake in shares of SEA by 63.1% during the 2nd quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock worth $47,000 after purchasing an additional 253 shares in the last quarter. Finally, Icon Wealth Advisors LLC acquired a new position in shares of SEA during the 3rd quarter worth approximately $47,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

About SEA

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as promotes eSports operations.